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Direct foreign investment

Investment that is made to acquire a lasting interest in a enterprise operating in an economy other than of the investor. In most countries, direct investment is defined for statistical purposes as the ownership or control, directly or indirectly, by…

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Dirty float

A system in which exchange rates are partially determined by government intervention or restrictions to limit appreciation or depreciation of the country´s currency. See also clean float and floating exchange rate.

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Discount

A deduction from an amount due to given consideration of such circumstances as prompt or early payment or an order of unusually large quantity. Selling a receivable or accepted draft at a price below face amount for net present value….

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Discrepancies

In the context of letters of credit, discrepancies arises when documents presented under a letter of credit do not conform to the terms of the credit; generally an error, contradiction or omission related to the documents constitutes the discrepancy. The…

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